Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Assets And Liabilities Measured On A Recurring Basis [Table Text Block]

The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of September 30, 2014 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	41,004	$	—	$	41,004	$	—
U.S. agency residential mortgage-backed securities	33,226		—		33,226		—
Municipal and other tax-exempt securities	76,884		—		76,884		—
Other trading securities	18,598		—		18,598		—
Total trading securities	169,712		—		169,712		—
Available for sale securities:
U.S. Treasury	1,015		1,015		—		—
Municipal and other tax-exempt	64,363		—		54,170		10,193
U.S. agency residential mortgage-backed securities	6,850,603		—		6,850,603		—
Privately issued residential mortgage-backed securities	171,493		—		171,493		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,141,645		—		2,141,645		—
Other debt securities	34,291		—		30,141		4,150
Perpetual preferred stock	24,358		—		24,358		—
Equity securities and mutual funds	19,118		4,789		14,329		—
Total available for sale securities	9,306,886		5,804		9,286,739		14,343
Fair value option securities:
U.S. agency residential mortgage-backed securities	175,761		—		175,761		—
Other securities	—		—		—		—
Total fair value option securities	175,761		—		175,761		—
Residential mortgage loans held for sale	373,253		—		365,877		7,376
Mortgage servicing rights¹	173,286		—		—		173,286
Derivative contracts, net of cash collateral²	360,809		10,799		350,010		—
Other assets – private equity funds	27,118		—		—		27,118
Liabilities:
Derivative contracts, net of cash collateral²	348,687		4,286		344,401		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities.

See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts in asset positions that were valued based on quoted prices in active markets for identical instruments (Level 1) are primarily exchange-traded energy derivative contacts, net of cash margin. Derivative contacts in liability positions that were valued using quoted prices in active markets for identical instruments are exchange-traded interest rate and agricultural derivative contracts.

The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of December 31, 2013 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	34,120	$	—	$	34,120	$	—
U.S. agency residential mortgage-backed securities	21,011		—		21,011		—
Municipal and other tax-exempt securities	27,350		—		27,350		—
Other trading securities	9,135		—		9,135		—
Total trading securities	91,616		—		91,616		—
Available for sale securities:
U.S. Treasury	1,042		1,042		—		—
Municipal and other tax-exempt	73,775		—		55,970		17,805
U.S. agency residential mortgage-backed securities	7,716,010		—		7,716,010		—
Privately issued residential mortgage-backed securities	221,099		—		221,099		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,055,804		—		2,055,804		—
Other debt securities	35,241		—		30,529		4,712
Perpetual preferred stock	22,863		—		22,863		—
Equity securities and mutual funds	21,328		—		17,121		4,207
Total available for sale securities	10,147,162		1,042		10,119,396		26,724
Fair value option securities:
U.S. agency residential mortgage-backed securities	157,431		—		157,431		—
Other securities	9,694		—		9,694		—
Total fair value option securities	167,125		—		167,125		—
Residential mortgage loans held for sale	200,546		—		200,546		—
Mortgage servicing rights¹	153,333		—		—		153,333
Derivative contracts, net of cash collateral²	265,012		2,712		262,300		—
Other assets – private equity funds	27,341		—		—		27,341
Liabilities:
Derivative contracts, net of cash collateral²	247,185		—		247,185		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities.


²	See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy derivative contacts, net of cash margin.

The fair value of financial assets and liabilities that are measured on a recurring basis is as follows as of September 30, 2013 (in thousands):



	Total		Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs
Assets:
Trading securities:
U.S. Government agency debentures	$	74,632	$	—	$	74,632	$	—
U.S. agency residential mortgage-backed securities	26,129		—		26,129		—
Municipal and other tax-exempt securities	37,057		—		37,057		—
Other trading securities	13,069		—		13,069		—
Total trading securities	150,887		—		150,887		—
Available for sale securities:
U.S. Treasury	1,052		1,052		—		—
Municipal and other tax-exempt	95,440		—		55,769		39,671
U.S. agency residential mortgage-backed securities	7,981,387		—		7,981,387		—
Privately issued residential mortgage-backed securities	230,900		—		230,900		—
Commercial mortgage-backed securities guaranteed by U.S. government agencies	1,946,295		—		1,946,295		—
Other debt securities	35,362		—		30,650		4,712
Perpetual preferred stock	23,680		—		23,680		—
Equity securities and mutual funds	58,787		—		54,580		4,207
Total available for sale securities	10,372,903		1,052		10,323,261		48,590
Fair value option securities:
U.S. agency residential mortgage-backed securities	163,567		—		163,567		—
Other securities	4,293		—		4,293		—
Total fair value option securities	167,860		—		167,860		—
Residential mortgage loans held for sale	230,511		—		230,511		—
Mortgage servicing rights¹	140,863		—		—		140,863
Derivative contracts, net of cash collateral²	377,325		644		376,681		—
Other assets – private equity funds	27,799		—		—		27,799
Liabilities:
Derivative contracts, net of cash collateral²	232,544		—		232,544		—


¹	A reconciliation of the beginning and ending fair value of mortgage servicing rights and disclosures of significant assumptions used to determine fair value are presented in Note 6, Mortgage Banking Activities.


²	See Note 3 for detail of fair value of derivative contracts by contract type. Derivative contracts based on quoted prices in active markets for identical instruments (Level 1) are exchange-traded energy and agricultural derivative contacts, net of cash margin.

Fair Value Assets Measured On Recurring Basis, Significant Unobservable Inputs [Table Text Block]

The following represents the changes for the three months ended September 30, 2014 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities			Equity securities and mutual funds		Residential mortgage loans held for sale			Other assets – private equity funds
Balance, June 30, 2014	$	10,445		$	4,231		$	—	$	—		$	27,833
Transfer to Level 3 from Level 2	—			—			—		7,764			—
Purchases and capital calls	—			—			—		—			505
Redemptions and distributions	—			—			—		—			(1,994		)
Gain (loss) recognized in earnings:
Mortgage banking revenue	—			—			—		(388		)	—
Gain on other assets, net	—			—			—		—			774
Loss on available for sale securities, net	—			—			—		—			—
Charitable contributions to BOKF Foundation	—			—			—		—			—
Other comprehensive gain (loss):
Net change in unrealized gain (loss)	(252		)	(81		)	—		—			—
Balance, Sept. 30, 2014	$	10,193		$	4,150		$	—	$	7,376		$	27,118

The following represents the changes for the nine months ended September 30, 2014 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities			Equity securities and mutual funds			Residential mortgage loans held for sale			Other assets – private equity funds
Balance, December 31, 2013	$	17,805		$	4,712		$	4,207		$	—		$	27,341
Transfer to Level 3 from Level 2	—			—			—			7,764			—
Purchases and capital calls	—			—			—			—			930
Redemptions and distributions	(7,487		)	(500		)	—			—			(5,175		)
Gain (loss) recognized in earnings:
Mortgage banking revenue	—			—			—			(388		)	—
Gain on other assets, net	—			—			—			—			4,022
Loss on available for sale securities, net	(235		)	—			—			—			—
Charitable contributions to BOKF Foundation	—			—			(2,420		)	—			—
Other comprehensive gain (loss):
Net change in unrealized gain (loss)	110			(62		)	(1,787		)	—			—
Balance, Sept. 30, 2014	$	10,193		$	4,150		$	—		$	7,376		$	27,118

The following represents the changes for the three months ended September 30, 2013 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities			Equity securities and mutual funds		Other assets – private equity funds
Balance, June 30, 2013	$	38,847		$	5,193		$	2,247	$	28,379
Transfer to Level 3 from Level 2	—			—			—		—
Purchases, and capital calls	—			—			—		567
Redemptions and distributions	—			(500		)	—		(1,589		)
Gain (loss) recognized in earnings
Gain on other assets, net	—			—			—		442
Other-than-temporary impairment losses	(1,369		)	—			—		—
Other comprehensive gain (loss):
Net change in unrealized gain (loss)	2,193			19			1,960		—
Balance, Sept. 30, 2013	$	39,671		$	4,712		$	4,207	$	27,799

The following represents the changes for the nine months ended September 30, 2013 related to assets measured at fair value on a recurring basis using significant unobservable inputs (in thousands):



	Available for Sale Securities
	Municipal and other tax-exempt			Other debt securities			Equity securities and mutual funds		Other assets – private equity funds
Balance, December 31, 2012	$	40,702		$	5,399		$	2,161	$	28,169
Transfer to Level 3 from Level 2	—			—			—		—
Purchases, and capital calls	—			—			—		1,207
Redemptions and distributions	(98		)	(500		)	—		(3,424		)
Gain (loss) recognized in earnings
Gain on other assets, net	—			—			—		1,847
Other-than-temporary impairment losses	(1,369		)	—			—		—
Other comprehensive gain (loss):
Net change in unrealized gain (loss)	436			(187		)	2,046		—
Balance, Sept. 30, 2013	$	39,671		$	4,712		$	4,207	$	27,799

Fair Value Inputs, Fair Value Measured On a Recurring Basis, Quantitative Information [Table Text Block]

A summary of quantitative information about assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of September 30, 2014 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost/Unpaid Principal Balance

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

10,970

10,904

10,193

Discounted cash flows

Interest rate spread

4.93%-5.23% (5.19%)

92.68%-94.32% (93.13%)

Other debt securities

4,400

4,150

Discounted cash flows

Interest rate spread

5.61%-5.65% (5.65%)

⁴

92.68% - 92.99 (92.80%)

Residential mortgage loans held for sale

N/A

7,764

7,376

Quoted prices of loans sold in securitization transactions, with a liquidity discount applied

Liquidity discount applied to the market value of a mortgage loans qualifying for sale to U.S. government agencies.

N/A

Other assets - private equity funds

N/A

27,118

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume.


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 482 to 514 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value.


⁴	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.

The fair value of these securities measured at fair value using significant unobservable inputs are sensitive primarily to changes in interest rate spreads. At September 30, 2014, for tax-exempt securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yields for comparable securities would result in an additional decrease in the fair value of $147 thousand. For taxable securities rated investment grade by all nationally-recognized rating agencies, a 100 basis point increase in the spreads over average yield for comparable securities would result in an additional decrease in the fair value of $59 thousand.

A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of December 31, 2013 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

18,695

18,624

17,805

Discounted cash flows

Interest rate spread

4.97%-5.27% (5.16%)

95.02%-95.50% (95.24%)

Other debt securities

4,900

4,712

Discounted cash flows

Interest rate spread

5.67% (5.67%)

⁴

96.16% (96.16%)

Equity securities and mutual funds

N/A

2,420

4,207

Publicly announced preliminary purchase price information from acquirer

Discount for settlement uncertainty

N/A

⁵

Other assets - private equity funds

N/A

27,341

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume.


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 467 to 518 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value.


⁴	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.


⁵	Fair value of shares of a smaller privately-held financial institution were valued using preliminary announced purchase information by a publicly-traded acquirer.

A summary of quantitative information about Recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of September 30, 2013 follows (in thousands):

Quantitative Information about Level 3 Recurring Fair Value Measurements

Par

Value

Amortized

Cost⁶

Fair

Value

Valuation Technique(s)

Unobservable Input

Range

(Weighted Average)

Available for sale securities

Municipal and other tax-exempt securities

Investment grade

21,545

21,467

20,531

Discounted cash flows

Interest rate spread

4.98%-5.28% (5.15%)

95.02%-95.55% (95.29%)

Below investment grade

23,925

17,924

19,140

Proposed settlement agreement

Discount for settlement uncertainty

⁴

80.00%-80.00% (80.00%)

Total municipal and other tax-exempt securities

45,470

39,391

39,671

Other debt securities

4,900

4,712

Discounted cash flows

Interest rate spread

5.60%-5.68% (5.67%)

⁵

96.16% - 96.16 (96.16%)

Equity securities and mutual funds

N/A

2,420

4,207

Publicly announced preliminary purchase price information from acquirer.

Discount for settlement uncertainty

N/A

⁷

Other assets - private equity funds

N/A

27,799

Net asset value reported by underlying fund

N/A


¹	Discounted cash flows developed using discount rates primarily based on reference to interest rate spreads for comparable securities of similar duration and credit rating as determined by the nationally-recognized rating agencies, adjusted for lack of trading volume.


²	Interest rate yields used to value investment grade tax-exempt securities represent a spread of 462 to 517 basis points over average yields for comparable tax-exempt securities.


³	Represents fair value as a percentage of par value.


⁴	Fair value based on proposed settlement agreement between bond holders and issuer.


⁵	Interest rate yields used to value investment grade taxable securities based on comparable short-term taxable securities which are generally yielding less than 1%.


⁶	Amortized cost reduced by other-than-temporary impairments recorded in earnings. See Note 2 for additional discussion.


⁷	Fair value of shares of a smaller privately-held financial institution were valued using preliminary announced purchase information by a publicly-traded acquirer.

Fair Value Assets Measured on Nonrecurring Basis [Table Text Block]

The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at September 30, 2014 for which the fair value was adjusted during the nine months ended September 30, 2014:



							Fair Value Adjustments for the
	Carrying Value at Sept. 30, 2014						Three Months Ended Sept. 30, 2014 Recognized in:				Nine Months Ended Sept. 30, 2014 Recognized in:
	Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net
Impaired loans	$	—	$	6,585	$	681	$	809	$	—	$	2,263	$	—
Real estate and other repossessed assets	—		16,870		495		—		4,139		—		5,515

The following represents the carrying value of assets measured at fair value on a non-recurring basis (and related losses) during the period. The carrying value represents only those assets with a balance at September 30, 2013 for which the fair value was adjusted during the nine months ended September 30, 2013:



							Fair Value Adjustments for the
	Carrying Value at Sept. 30, 2013						Three Months Ended Sept. 30, 2013 Recognized in:				Nine Months Ended Sept. 30, 2013 Recognized in:
	Quoted Prices in Active Markets for Identical Instruments		Significant Other Observable Inputs		Significant Unobservable Inputs		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net		Gross charge-offs against allowance for loan losses		Net losses and expenses of repossessed assets, net
Impaired loans	$	—	$	10,607	$	4,787	$	660	$	—	$	6,900	$	—
Real estate and other repossessed assets	—		14,901		170		—		1,767		—		2,560

Fair Value Inputs, Fair Value Measured On a Nonrecurring Basis, Quantitative Information [Table Text Block]

A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of September 30, 2014 follows (in thousands):



Quantitative Information about Level 3 Non-recurring Fair Value Measurements
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Impaired loans	$	681	Appraised value, as adjusted	Broker quotes and management's knowledge of industry and collateral.	N/A
Real estate and other repossessed assets	495		Appraised value, as adjusted	Marketability adjustment off appraised value¹ or limited observable sales with similar development restrictions	N/A


¹	Marketability adjustments include consideration of estimated costs to sell, which is approximately 10% of fair value.

A summary of quantitative information about Non-recurring Fair Value Measurements based on Significant Unobservable Inputs (Level 3) as of September 30, 2013 follows (in thousands):



Quantitative Information about Level 3 Non-recurring Fair Value Measurements
	Fair Value		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)
Impaired loans	$	4,787	Appraised value, as adjusted	Broker quotes and management's knowledge of industry and collateral.	N/A
Real estate and other repossessed assets	170		Appraised value, as adjusted	Marketability adjustments off appraised value	82%-85% (83%)¹


¹	Marketability adjustments include consideration of estimated costs to sell, which is approximately 15% of fair value.

Fair Value of Financial Instruments [Table Text Block]

The following table presents the carrying values and estimated fair values of all financial instruments, including those financial assets and liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis as of September 30, 2014 (dollars in thousands):



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and due from banks	$	557,658						$	557,658
Interest-bearing cash and cash equivalents	2,007,901							2,007,901
Trading securities:
U.S. Government agency debentures	41,004							41,004
U.S. agency residential mortgage-backed securities	33,226							33,226
Municipal and other tax-exempt securities	76,884							76,884
Other trading securities	18,598							18,598
Total trading securities	169,712							169,712
Investment securities:
Municipal and other tax-exempt	410,595							415,233
U.S. agency residential mortgage-backed securities	38,585							40,259
Other debt securities	205,911							220,953
Total investment securities	655,091							676,445
Available for sale securities:
U.S. Treasury	1,015							1,015
Municipal and other tax-exempt	64,363							64,363
U.S. agency residential mortgage-backed securities	6,850,603							6,850,603
Privately issued residential mortgage-backed securities	171,493							171,493
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,141,645							2,141,645
Other debt securities	34,291							34,291
Perpetual preferred stock	24,358							24,358
Equity securities and mutual funds	19,118							19,118
Total available for sale securities	9,306,886							9,306,886
Fair value option securities:
U.S. agency residential mortgage-backed securities	175,761							175,761
Other securities	—							—
Total fair value option securities	175,761							175,761
Residential mortgage loans held for sale	373,253							373,253
Loans:
Commercial	8,572,038			0.25% - 30.00%	0.60	0.53% - 4.30%		8,441,120
Commercial real estate	2,724,199			0.38% - 18.00%	0.80	1.13% - 3.66%		2,702,389
Residential mortgage	1,979,663			1.20% - 18.00%	2.42	0.57% - 4.21%		2,009,619
Consumer	407,839			0.38% - 21.00%	0.46	1.07% - 3.88%		401,986
Total loans	13,683,739							13,555,114
Allowance for loan losses	(191,244		)					—
Loans, net of allowance	13,492,495							13,555,114
Mortgage servicing rights	173,286							173,286
Derivative instruments with positive fair value, net of cash margin	360,809							360,809
Other assets – private equity funds	27,118							27,118
Deposits with no stated maturity	17,624,476							17,624,476
Time deposits	2,664,580			0.02% - 9.64%	2.02	0.74% - 1.31%		2,670,657
Other borrowed funds	4,595,631			0.21% - 6.68%	0.46	0.07% - 2.62%		4,555,307
Subordinated debentures	347,936			0.92% - 5.00%	2.00	2.17	%	344,764
Derivative instruments with negative fair value, net of cash margin	348,687							348,687



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and due from banks	$	512,931						$	512,931
Interest-bearing cash and cash equivalents	574,282							574,282
Trading securities:
U.S. Government agency debentures	34,120							34,120
U.S. agency residential mortgage-backed securities	21,011							21,011
Municipal and other tax-exempt securities	27,350							27,350
Other trading securities	9,135							9,135
Total trading securities	91,616							91,616
Investment securities:
Municipal and other tax-exempt	440,187							439,870
U.S. agency residential mortgage-backed securities	50,182							51,864
Other debt securities	187,509							195,393
Total investment securities	677,878							687,127
Available for sale securities:
U.S. Treasury	1,042							1,042
Municipal and other tax-exempt	73,775							73,775
U.S. agency residential mortgage-backed securities	7,716,010							7,716,010
Privately issued residential mortgage-backed securities	221,099							221,099
Commercial mortgage-backed securities guaranteed by U.S. government agencies	2,055,804							2,055,804
Other debt securities	35,241							35,241
Perpetual preferred stock	22,863							22,863
Equity securities and mutual funds	21,328							21,328
Total available for sale securities	10,147,162							10,147,162
Fair value option securities:
U.S. agency residential mortgage-backed securities	157,431							157,431
Other securities	9,694							9,694
Total fair value option securities	167,125							167,125
Residential mortgage loans held for sale	200,546							200,546
Loans:
Commercial	7,943,221			0.04% - 30.00%	0.49	0.48% - 4.33%		7,835,325
Commercial real estate	2,415,353			0.38% - 18.00%	0.78	1.21% - 3.49%		2,394,443
Residential mortgage	2,052,026			0.38% - 18.00%	2.63	0.59% - 4.73%		2,068,690
Consumer	381,664			0.38% - 21.00%	0.55	1.22% - 3.75%		375,962
Total loans	12,792,264							12,674,420
Allowance for loan losses	(185,396		)					—
Loans, net of allowance	12,606,868							12,674,420
Mortgage servicing rights	153,333							153,333
Derivative instruments with positive fair value, net of cash margin	265,012							265,012
Other assets – private equity funds	27,341							27,341
Deposits with no stated maturity	17,573,334							17,573,334
Time deposits	2,695,993			0.01% - 9.64%	2.12	0.75% - 1.33%		2,697,290
Other borrowed funds	2,721,888			0.25% - 4.78%	0.03	0.08% - 2.64%		2,693,788
Subordinated debentures	347,802			0.95% - 5.00%	2.63	2.22	%	344,783
Derivative instruments with negative fair value, net of cash margin	247,185							247,185



	Carrying Value			Range of Contractual Yields	Average Re-pricing (in years)	Discount Rate		Estimated Fair Value
Cash and due from banks	$	625,671						$	625,671
Interest-bearing cash and cash equivalents	535,313							535,313
Trading securities:
U.S. Government agency debentures	74,632							74,632
U.S. agency residential mortgage-backed securities	26,129							26,129
Municipal and other tax-exempt securities	37,057							37,057
Other trading securities	13,069							13,069
Total trading securities	150,887							150,887
Investment securities:
Municipal and other tax-exempt	409,542							407,562
U.S. agency residential mortgage-backed securities	56,182							58,442
Other debt securities	178,501							188,475
Total investment securities	644,225							654,479
Available for sale securities:
U.S. Treasury	1,052							1,052
Municipal and other tax-exempt	95,440							95,440
U.S. agency residential mortgage-backed securities	7,981,387							7,981,387
Privately issued residential mortgage-backed securities	230,900							230,900
Commercial mortgage-backed securities guaranteed by U.S. government agencies	1,946,295							1,946,295
Other debt securities	35,362							35,362
Perpetual preferred stock	23,680							23,680
Equity securities and mutual funds	58,787							58,787
Total available for sale securities	10,372,903							10,372,903
Fair value option securities:
U.S. agency residential mortgage-backed securities	163,567							163,567
Other securities	4,293							4,293
Total fair value option securities	167,860							167,860
Residential mortgage loans held for sale	230,511							230,511
Loans:
Commercial	7,571,075			0.25% - 30.00%	0.46	0.50% - 4.19%		7,493,143
Commercial real estate	2,349,229			0.38% - 18.00%	0.79	1.20% - 3.42%		2,326,908
Residential mortgage	2,034,765			0.38% - 18.00%	2.56	0.64% - 4.40%		2,056,072
Consumer	395,031			0.38% - 21.00%	0.55	1.24% - 3.71%		388,490
Total loans	12,350,100							12,264,613
Allowance for loan losses	(194,325		)					—
Loans, net of allowance	12,155,775							12,264,613
Mortgage servicing rights	140,863							140,863
Derivative instruments with positive fair value, net of cash margin	377,325							377,325
Other assets – private equity funds	27,799							27,799
Deposits with no stated maturity	16,771,635							16,771,635
Time deposits	2,720,020			0.01% - 9.64%	2.08	0.75% - 1.28%		2,739,764
Other borrowed funds	3,611,944			0.25% - 4.78%	—	0.06% - 2.65%		3,570,228
Subordinated debentures	347,758			0.97% - 5.00%	2.87	2.22	%	344,854
Derivative instruments with negative fair value, net of cash margin	232,544							232,544

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details